NINtec Systems Ltd

Snapshot FY26

• Standalone revenue: ₹10,169.56 lakhs; YoY growth 18.46%.
• Consolidated revenue: ₹17,016.78 lakhs; YoY growth 21.72%.
• Standalone PAT: ₹2,779.89 lakhs; YoY growth 19.24%.
• Consolidated PAT: ₹3,201.16 lakhs; YoY growth 21.62%.
• Standalone EPS: ₹14.96; Consolidated EPS: ₹17.23.
• ROE (standalone): 42%; Operating margin: 26%.
• Standalone cash: ₹3,394.01 lakh; Consolidated cash: ₹3,880.07 lakh.
• Dividend for FY2025-26: not declared.

AI strategy & operations

• Claude embedded across the development lifecycle; six-phase AI Engineering Method.
• Over 300 Claude-trained engineers; 30+ Fortune 500 clients across 9 industries.
• ISO 9001:2015 and ISO 27001:2022 certifications.
• Six-phase AI Engineering Method enables 90%+ test coverage from sprint one.
• 90-second automated rollback on deployment issues.
• Quantum Horizon initiative exploring post-quantum security and quantum computing.

Capital structure & liquidity

• Total assets (standalone): ₹10,519.78 lakh; equity: ₹8,172.75 lakh.
• Paid-up equity capital: ₹1,857.60 lakh.
• Borrowings: ₹188.82 lakh; debt-to-equity: 0.02x.
• Working capital: standalone ₹7,899.22 lakh; consolidated ₹8,898.44 lakh.
• Cash flow from operations: ₹2,368.24 lakh; net cash from financing: ₹44.13 lakh used.

Dividends & CSR

• Dividend for FY2025-26: not declared.
• CSR spend ₹37.38 lakh; 2% average net profit ₹37.34 lakh.
• Closing retained earnings: standalone ₹6,634.69 lakh; consolidated ₹7,501.09 lakh.

Governance & internal controls

• Internal financial controls: adequate and effective; no material weaknesses.
• Secretarial audit: unqualified; five-year engagement with Tushar Vora & Associates.
• Board separation: Chairman and MD roles separated during FY2025-26.
• Auditors: standalone by Samir M. Shah & Associates; JT Shah & Co. proposed for 2026-31.
• Independent directors as at 31-Mar-2026: Mathur, Makkampara, Guhathakurta.

Board changes & leadership

• Resigned: Vishal Shah and Hursh Jani on 12 Feb 2026.
• Appointed: Mehul Ganpatbhai Makkampara and Rahul Ratankumar Guhathakurta as Independent Directors from 1 Feb 2026.
• Postal ballot: approvals for new independent directors on 19-20 Mar 2026.
• MD Niraj Gemawat re-appointed for five years from 29 Jun 2026.

Subsidiaries & geography

• Wholly owned subsidiary: NINtec Systems B.V. (Netherlands).
• Unlisted material subsidiary outside India: NINtec Systems B.V.

AGM details

• 11th AGM scheduled for 18 September 2026 at 3:00 PM IST.
• VC/OAVM mode as per MCA/SEBI circulars.

Financial highlights

• Unaudited Q1 FY27 revenue from operations Rs 45.86 Cr, up 18.1% YoY.
• Total revenue Rs 46.55 Cr, up 12.9% YoY.
• EBITDA Rs 11.88 Cr; +40.9% YoY.
• PAT Rs 9.20 Cr; +20.2% YoY.
• Operating margin 25.9%; +420 bps YoY.
• EPS Rs 4.95; +20.2% YoY.
• Board approved results on 5 Aug 2026; subject to limited review.

Operational & strategic highlights

• Delivery capacity expanded this quarter; headcount costs did not rise.
• Al-first delivery model drove margin expansion to 25.9%.
• Trailing twelve-month revenue up 22% YoY; net profit up 19%.
• EPS up 20.2% YoY to Rs 4.95; quarterly high.
• Outlook: focus on recurring revenue and deeper Al-first delivery.

Management commentary

• Founder commentary emphasises disciplined execution and compounding growth.
• Plan to sustain growth through capability-driven approach, not headcount expansion.

Governance

• Board-approved results dated 5 August 2026.
• Results subject to limited review by statutory auditor.

Financial highlights

• Revenue from operations Rs. 45.86 Cr, up 18.1% YoY.
• Total revenue Rs. 46.55 Cr, up 12.9% YoY.
• Operating profit Rs. 11.88 Cr, up 40.9% YoY.
• Operating margin 25.9%, up 420 bps.
• PAT Rs. 9.20 Cr, up 20.2% YoY.
• EPS Rs. 4.95, up 20.2% YoY.
• Trailing twelve-month revenue up 22% YoY; profit up 19%.

Operational and governance updates

• Delivery capacity expanded this quarter with no headcount cost rise.
• Employee cost declined 4.8% YoY.
• Net profit reached a quarterly high of Rs. 9.20 Cr.
• Board approved unaudited consolidated results on 5 August 2026.
• Results subject to limited review by statutory auditor.

Outlook and strategy

• Aim to grow via Al-first delivery, deeper enterprise mandates.
• Focus on recurring revenue and operational leverage rather than headcount growth.
• Management expects continued progression through Al-first delivery and recurring revenue.

Standalone results

• Standalone Q1 FY2026-27: Revenue from Operations 2,562.18 Lakhs; Total Revenue 2,631.23 Lakhs.
• PBT 1,081.13 Lakhs; Current tax 245.49, Deferred tax 11.50.
• PAT 824.15 Lakhs; EPS 4.44 (basic/diluted).
• Limited Review unmodified; segment reporting not applicable; single Software services segment.

Consolidated results

• Consolidated Q1 FY2026-27: Revenue from Operations 4,586.00 Lakhs; Total Revenue 4,655.04 Lakhs.
• PBT 1,207.17 Lakhs; Current tax 276.08, Deferred tax 11.50, Short provision (0.01).
• PAT 919.60 Lakhs; EPS 4.95.
• Total Comprehensive Income: 1,093.55 Lakhs; OCI 173.95.
• Subsidiary Nintec Systems B.V., Netherlands, contributed Rs 2,023.82 Lakhs revenue and Rs 95.45 Lakhs PAT.
• Consolidated results include Netherlands subsidiary; segment is Software services.

Auditor appointment

• Appointment: M/s J. T. Shah & Company as statutory auditors for five years.
• Term: from conclusion of 11th AGM to conclusion of 16th AGM; subject to shareholder approval.
• Registration No. 109616W; Ahmedabad-based.

Notes

• Limited Review on standalone and consolidated results with unmodified opinion.
• Segment Reporting not applicable; one reportable segment: Software services.
• Consolidated includes Netherlands subsidiary results; revenues and PAT noted.

Resignation of senior management

• Resignation of Chainsingh Rathod, VP - Talent Acquisition & Operations, effective 31 July 2026 due to prior commitments.
• Last working day: 31 July 2026 (close of business hours).

Dematerialisation status

• No dematerialisation requests were received during the period.
• No physical certificates were received for dematerialisation; none were mutilated or cancelled.
• No substitution of depository as registered owner due to absence of dematerialisation.